NOTES ON OHU50K $5,000 Was Dropped to $2,000
This abandoned house, which is in Syracuse’s Brighton district, used to be the belle of the ball. The neighborhood used to be home to both professionals and blue collar laborers. The magnificent old First Methodist Episcopal Church, constructed in 1927, is now the Greater Love in Christ Church, and the 1880 Queen Anne has a prominent location on Midland Avenue across from it. The Syracuse Land Bank has taken possession of it and is offering it for $5,000, subject to certain requirements.
Two-family abandoned house in the Southside with a NEW ROOF! Three bedrooms in each unit of this incredibly interesting and distinctive residence. Until July 5, 2022, this house will only be offered to owner-occupants or to be renovated and resold to owner-occupants. The property features a driveway and a pleasant backyard. If desired, the buyer may also convert to a sizable single-family home.
According to Realtor, six beds
2,203 square feet, 2 baths, circa 1880
Naturally, this house comes with a few caveats. The neighborhood is one. The requirement is two. A three, four, and five followed.
According to the Syracuse Land Bank, the buyer will need to provide evidence of cash totaling $148k, with an estimated rehabilitation cost of $143k. This home must either be owner occupied or rehabilitated and sold to an owner occupant in order for it to qualify for their Home Ownership Choice program. Property is being sold as-is, with no warranties or assurances, and requires work. Our website has the Contract to Purchase and the Property Purchase Application. For consideration at the Board of Directors Meeting, which is typically held on the third Tuesday of each month, completed offers must be presented by the first Tuesday of the month at the latest. Verify the times and dates, please. The cost of renovations may surpass 145K. Evidence of money required for the whole cost of the acquisition and renovations.
